In Which of the Following Conditions Does Arbitrage Occur

Multiple Choice

In which of the following conditions does arbitrage occur?

A) When a firm offers a product at low prices through discount coupons and promotions
B) When a firm sells a product at higher prices to make a profit from relatively fewer sales
C) When a firm imports products from a manufacturer and distributes them directly through retail outlets
D) When a firm purchases products in a country where prices are lower and resells them in a country where prices are higher
E) When a firm prices its products at the least cost,risking losses,in order to grab market share